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Multifamily Loans in
Rosemount, MN

Overview

Rosemount is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Rosemount are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Rosemount are some of the lowest nationally. Rosemount apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Rosemount.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Rosemount, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rosemount are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Rosemount may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Lenders in Rosemount, MN

All major multifamily lender types are lending in Rosemount.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Rosemount Market

The city of Rosemount in Dakota County has a population of 25,207. The median rent in Dakota County for a 2 bedroom is $1,410. The median Rosemount resident is 37 years old with a yearly income of $48,734. The average family has 3.23 members and a median household income of $104,743. Rosemount has a 47% higher education rate. The unemployment rate in Rosemount is 2.6%.


Population
25,207 people

County
Dakota County

Renters

14.1% of Rosemount households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dakota County 1
Minnesota 2
National 2
Studio $968 $607 $737
1 bedroom $1,136 $694 $813
2 bedroom $1,410 $881 $1,015
3 bedroom $1,982 $1,200 $1,325
4 bedroom $2,324 $1,366 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rosemount Demographics


Median Individual Income
$48,734 / year

Median Household Income
$104,743 / year

Families w/ Dual Incomes
73%

Unemployment Rate
2.6%
Household Income Distribution
Rosemount, MN

Median Age
37 years

Avg Family Size
3.23 people
Age Distribution
Rosemount, MN

College Education or Above
47%

STEM College Graduates
41%
Education Distribution
Rosemount, MN
Source: U.S. Census Bureau

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